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Report Date : |
14.09.2012 |
IDENTIFICATION DETAILS
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Name : |
WERKZEUGMASCHINEN HARTMANN GESELLSCHAFT MIT BESCHRÄNKTER HAFTUNG |
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Registered Office : |
Weststr. 36, D 52074 Aachen |
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Country : |
Germany |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
09.10.1970 |
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Com. Reg. No.: |
HRB 745 |
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Legal Form : |
Private Limited
Company |
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Line of Business : |
Manufacture of metal forming machinery |
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No. of Employees : |
05 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but Correct |
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Litigation : |
Clear |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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Germany |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
germany - ECONOMIC OVERVIEW
The German economy - the fifth largest economy in the world in PPP terms
and Europe's largest - is a leading exporter of machinery, vehicles, chemicals,
and household equipment and benefits from a highly skilled labor force. Like
its Western European neighbors, Germany faces significant demographic challenges
to sustained long-term growth. Low fertility rates and declining net
immigration are increasing pressure on the country's social welfare system and
necessitate structural reforms. Reforms launched by the government of
Chancellor Gerhard SCHROEDER (1998-2005), deemed necessary to address
chronically high unemployment and low average growth, contributed to strong
growth in 2006 and 2007 and falling unemployment. These advances, as well as a
government subsidized, reduced working hour scheme, help explain the relatively
modest increase in unemployment during the 2008-09 recession - the deepest
since World War II - and its decrease to 6.0% in 2011. GDP contracted 5.1% in
2009 but grew by 3.6% in 2010, and 2.7% in 2011. The recovery was attributable
primarily to rebounding manufacturing orders and exports - increasingly outside
the Euro Zone. Germany's central bank projects that GDP will grow 0.6% in 2012,
a reflection of the worsening euro-zone financial crisis and the financial
burden it places on Germany as well as falling demand for German exports.
Domestic demand is therefore becoming a more significant driver of Germany's
economic expansion. Stimulus and stabilization efforts initiated in 2008 and
2009 and tax cuts introduced in Chancellor Angela MERKEL's second term
increased Germany's budget deficit to 3.3% in 2010, but slower spending and
higher tax revenues reduce the deficit to 1.7% in 2011, below the EU's 3%
limit. A constitutional amendment approved in 2009 limits the federal
government to structural deficits of no more than 0.35% of GDP per annum as of
2016. Following the March 2011 Fukushima nuclear disaster, Chancellor Angela
Merkel announced in May 2011 that eight of the country's 17 nuclear reactors
would be shut down immediately and the remaining plants would close by 2022.
Germany hopes to replace nuclear power with renewable energy. Before the
shutdown of the eight reactors, Germany relied on nuclear power for 23% of its
energy and 46% of its base-load electrical production.
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Source : CIA |
Werkzeugmaschinen Hartmann Gesellschaft mit beschränkter Haftung
Weststr. 36
D 52074 Aachen
Telephone: 0241/83035
Telefax: 0241/872809
Homepage: www.hartmann-machinery.de
E-mail: wzm.hartmann@t-online.de
DE121687828
Business relations are permissible.
LEGAL FORM Private limited company
Registered on: 09.10.1970
Commercial Register: Local
court 52070 Aachen
under: HRB 745
Share capital:
EUR 27,500.00
Rakesh Kumar Behl
B Schoten
born: 31.01.1953
Share: EUR 27,500.00
Rakesh Kumar Behl
B Schoten
having sole power of representation
born: 31.01.1953
Nationality: Belgian
Pranv Karan Behl
Rochusstr. 62
D 52062 Aachen
having sole power of representation
born: 10.08.1985
Proxy:
Sakshi Behl
D 52074 Aachen
having sole power of representation
born: 04.09.1983
Proxy:
Vikram Aditya Behl
D 52074 Aachen
having sole power of representation
born: 10.08.1985
Sectors
28410 Manufacture of metal
forming machinery
47523 Retail sale of
paints and building materials
Payment experience: within
agreed terms
Negative information: We
have no negative information at hand.
Balance sheet year: 2010
Type of ownership: Tenant
Address Weststr. 36
D
52074 Aachen
Residential floor 200.00 sq.m
space/ Usable floor
space:
Land register documents
were not available.
SPARKASSE AACHEN, AACHEN
Sort. code: 39050000, BIC: AACSDE33XXX
Turnover: 2010 EUR 1,200,000.00
Profit: 2010 EUR 22,343.00
Ac/ts receivable: EUR 373,133.00
Liabilities: EUR 643,083.00
Employees:
5
The aforementioned business figures may partly be estimated information based on average values in the
line of business.
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 18.23
Liquidity ratio: 0.58
Return on total capital [%]: 2.71
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 19.04
Liquidity ratio: 0.50
Return on total capital [%]: -23.04
Balance sheet ratios 01.01.2008 - 31.12.2008
Equity ratio [%]: 49.17
Liquidity ratio: 1.02
Return on total capital [%]: 1.10
Balance sheet ratios 01.01.2007 - 31.12.2007
Equity ratio [%]: 56.46
Liquidity ratio: 0.77
Return on total capital [%]: 15.95
Equity ratio
The equity
ratio indicates the portion of the equity as compared to the total capital. The
higher the equity ratio, the better the economic stability (solvency) and thus
the financial autonomy of a company.
Liquidity ratio
The
liquidity ratio shows the proportion between adjusted receivables and net
liabilities. The higher the ratio, the lower the company's financial dependancy
from external creditors.
Return on total capital
The return
on total capital shows the efficiency and return on the total capital employed
in the company. The higher the return on total capital, the more economically
does the company work with the invested capital.
Type of balance
sheet: Company balance sheet
Financial year: 01.01.2010 - 31.12.2010
ASSETS EUR 823,160.58
Fixed assets
EUR 25,053.77
Tangible assets
EUR 25,053.77
Other / unspecified tangible assets
EUR 25,053.77
Current assets
EUR 796,050.40
Stocks
EUR 417,940.82
Accounts receivable
EUR 373,133.35
Other debtors and assets
EUR 373,133.35
Liquid means
EUR 4,976.23
Remaining other assets
EUR 2,056.41
Accruals (assets)
EUR 2,056.41
LIABILITIES EUR 823,160.58
Shareholders' equity
EUR 150,102.35
Capital
EUR 27,500.00
Subscribed capital (share capital)
EUR 27,500.00
Balance sheet profit/loss (+/-)
EUR 122,602.35
Profit / loss brought forward
EUR 100,259.07
Annual surplus / annual deficit
EUR 22,343.28
Provisions
EUR 29,975.44
Liabilities
EUR 643,082.79
Other liabilities
EUR 643,082.79
Unspecified other liabilities
EUR 643,082.79
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2009 - 31.12.2009
ASSETS EUR 670,921.19
Fixed assets EUR 639.57
Tangible assets
EUR 639.57
Other / unspecified tangible assets
EUR 639.57
Current assets
EUR 665,966.56
Stocks EUR 406,550.00
Accounts receivable
EUR 257,251.84
Other debtors and assets
EUR 257,251.84
Liquid means
EUR 2,164.72
Remaining other assets EUR 4,315.06
Accruals (assets)
EUR 4,315.06
LIABILITIES EUR 670,921.19
Shareholders' equity
EUR 127,759.07
Capital
EUR 27,500.00
Subscribed capital (share capital)
EUR 27,500.00
Balance sheet profit/loss (+/-)
EUR 100,259.07
Profit / loss brought forward
EUR 254,864.47
Annual surplus / annual deficit
EUR -154,605.40
Provisions
EUR 26,040.44
Liabilities
EUR 517,121.68
Other liabilities EUR 517,121.68
Unspecified other liabilities
EUR 517,121.68
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.44 |
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UK Pound |
1 |
Rs.89.31 |
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Euro |
1 |
Rs.71.62 |
INFORMATION DETAILS
|
Report Prepared by
: |
MNL |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
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56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Business |
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This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.